Meagel Charitable Trust

Foundation · Grantmaker Parkersburg, WV EIN: 55-6138839

Meagel Charitable Trust is a private foundation based in Parkersburg, West Virginia. Established in 2000, the trust operates as a non-operating foundation with United Bank Inc. serving as its principal officer. The foundation is one of several grantmaking organizations in the Parkersburg area and maintains a focused approach to charitable giving within its defined priority areas.

Key facts about Meagel Charitable Trust

EIN: 55-6138839
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $877,388
Grants made (2024): 16
Average grant: $54,837
Median grant: $43,870
New grantees (estimate): 0% first-time grantees (0 of 16, 2024)
Total assets: $18,177,001
Primary geography: West Virginia (90% of itemized 2024 grant dollars)
How to apply: The foundation typically selects grantees from preselected charitable organizations only. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Meagel Charitable Trust funds

By grant dollars, the top recipient states for Meagel Charitable Trust's 16 itemized 2024 grants were West Virginia (90%). The most frequent recipient cities were Wheeling, WV (12 grants). 6% of grants with a stated purpose were for general or operating support. Recurring purposes include "Educational Scholarship" (3 grants).

Is Meagel Charitable Trust open to new grantees?

first-time grantees, 2024

In 2024, 0 of 16 grantees (0%) were first-time recipients. How we count

100% of 2024 grantees were also funded in 2023. Method
Giving fell 27% from 2021 to 2024. Method
In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Meagel Charitable Trust

How to evaluate Meagel Charitable Trust as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$18.2M

-0.3% YoY

Annual Giving

$877K

-3.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$55K

-3.9% YoY

Under IRS private-foundation payout rules, Meagel Charitable Trust reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust primarily funds:

Educational scholarships
Care for the homeless and those in need
Sight preservation
Research in West Virginia
Research and education
Religious organizations
Rehabilitation services
Public parks and recreation

Grantmaking

Grant Range

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How to Apply

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Geographic Focus

Where this funder awards grants

Grantmaking is concentrated in West Virginia. The foundation has distributed grants to organizations in West Virginia, Florida, and Oklahoma.

Grant Distribution by State

West Virginia $790K (90%)

Oklahoma $44K (5%)

Florida $44K (5%)

Share of all 16 itemized 2024 grant dollars.

States

Florida Oklahoma West Virginia

Cities

WheelingMorgantownOklahoma CitySt PetersburgWest Liberty

Financial History

Multi-year comparison from IRS filings

As of December 2023:

Total Assets: $18,236,474
Total Revenues: $657,054
Total Expenses: $1,089,603
Annual Income: $2.6 million

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$18,177,001	$18,236,474	$18,674,518
Revenue	$1,004,256	$657,054	$361,059
Expenses	$1,070,145	$1,089,603	$1,581,149
Qualifying Distributions	$877,388	$912,700	$1,349,640
Net Investment Income	$1,004,256	$657,054	$570,477
Distributable Amount	$1,258,869	$1,138,818	$1,202,132

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

80 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Parks System Trust Fund ($87,739), Trinity Lutheran ($87,739), West Liberty University Fdn ($87,739).

Recipient	Purpose	Amount
PARKS SYSTEM TRUST FUND Wheeling, WV	GENERAL USE FOR PUBLIC PARK	$87,739
TRINITY LUTHERAN Wheeling, WV	RELIGIOUS	$87,739
WEST LIBERTY UNIVERSITY FDN West Liberty, WV	EDUCATIONAL SCHOLARSHIP	$87,739
WHEELING SCTY FOR CRIPPLED CHILDREN Wheeling, WV	REHABILITATION SERVICES	$87,739
WEST VIRGINIA UNIVERSITY FDN Morgantown, WV	EDUCATIONAL SCHOLARSHIP	$43,870
WHEELING HEALTH RIGHT INC Wheeling, WV	MEDICAL CARE FOR THOSE IN NEED	$43,870
WHEELING SYMPHONY SOCIETY INC Wheeling, WV	PRESERVATION OF THE SYMPHONY	$43,870
WV NORTHERN COMMUNITY COLLEGE FDN Wheeling, WV	EDUCATIONAL SCHOLARSHIP	$43,870
AMERICAN CANCER SOCIETY Oklahoma City, OK	RESEARCH AND EDUCATION	$43,869
AMERICAN HEART ASSOCIATION St Petersburg, FL	RESEARCH IN WV	$43,869

Leadership & Key People

Leadership team and compensation from IRS filings

United Bank Inc. serves as the principal officer of the trust.

Recent News & Activity

Recent developments and announcements

2023

The foundation made 16 grants in its most recent tax year (2023), continuing its pattern of supporting educational, social service, and community development initiatives across West Virginia.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Meagel Charitable Trust fund?

The trust primarily funds: • Educational scholarships • Care for the homeless and those in need • Sight preservation • Research in West Virginia • Research and education • Religious organizations • Rehabilitation services • Public parks and recreation

How do I apply for a grant from Meagel Charitable Trust?

The foundation typically selects grantees from preselected charitable organizations only. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

Where does Meagel Charitable Trust make grants?

Grantmaking is concentrated in West Virginia. The foundation has distributed grants to organizations in West Virginia, Florida, and Oklahoma.

What size grants does Meagel Charitable Trust award?

In 2024, Meagel Charitable Trust awarded 16 grants totaling $877K — an average of about $55K per grant, based on its IRS Form 990 filings.

How much is Meagel Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Meagel Charitable Trust reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.